One of the endorsing bodies, TechNation has recently published its report about the Global Talent visas which are endorsed by TechNation. It includes some very interesting statistics:
• Roughly 2,500 Global Talent visas have been granted in this category;
• A quarter of the Global Talent migrants own their own company;
• 73% of investment in this sector comes from overseas;
• 18% of UK Tech scale ups have at least one non-UK founder; and
• The overall sector valuation is considered to be roughly £1 trillion.
In short, the government sees the technology sector as a growth industry and wants to continue to attract highly skilled tech professionals. Currently, the UK is home to the third most valuable tech economy in the world, behind only the United States and China. The areas span a wide range of industries, including health, finance and energy.
In total, there are now roughly five million people working in UK tech start-ups and scale-ups which is a two million increase over the figures in 2019. Not only are the jobs in tech occupations, but the industry also provides opportunities to people in HR, legal, finance and sales.
Over a 120 different countries are represented in the applicants for the Global Talent tech visa. It is entirely likely that demand for highly skilled tech talent will continue on an upward trend in the future, particularly as domestic supply is unlikely to be able to fulfil the necessary demand for jobs.
Applying for a Global Talent visa is a two-stage process. The first stage is to present an application to an endorsing body, such as TechNation, with evidence to show that you are a leader in your field or that you have the potential to become a leader in your field. Although this may sound daunting, but clear guidance and support means that all sorts of people with very different ideas can make successful applications.
If you are interested in pursuing this route, we have expertise in guiding people through the Global Talent visa structures and helping them get endorsements from Tech Nation but also Arts Council England and the endorsing bodies for Academics. Please contact us on 020 7401 6887 or at Alison@gryklaw.com.
